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National Automation Services, Inc. Announces Its S-1 Registration Filing

^{Published on 2010-06-24 07:51:10 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - June 24, 2010) - National Automation Services, Inc. ("NAS") ([ www.NASAutomation.com ]) (OTCQB: [ NASV ]) (PINKSHEETS: [ NASV ]) announced today that it has filed a registration statement on Form S-1 with the SEC relating to the registration of stock held by our shareholders issued by the Company to date.

As required by the SEC, the Form S-1 includes the Company's business summary; financial summary; risk factors; management description and compensation; any material legal agreements or proceedings; and finally management's discussion and an analysis of financial condition and results of operations.

NAS has also registered 18,500,000 shares of stock to draw on its $5,000,000 dollar equity line of credit agreement with Ascendiant Capital Group, LLC, a private equity firm, and its affiliate, Ascendiant Equity Partners, LLC once the Company receives the S-1 effective status certificate.

The registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold and no offers to buy may be accepted prior to the time the registration statement becomes effective.

Management encourages investors to read the S-1 filing as well as all required documents the Company files with the SEC. Such documents can be obtained on the SEC website at [ www.sec.gov ] or on the Company's website at [ www.NASAutomation.com ].

About National Automation Services, Inc.:

National Automation Services, Inc. headquartered in Nevada, a Corporation with wholly owned subsidiaries in Arizona and Nevada, designs, manufactures, and programs Automation and Control Systems. View our technical skills, project history, and key personnel at [ www.NASAutomation.com ].

FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the ability to obtain the additional working capital which NAS needs; the ability to locate suitable companies to acquire and then integrate such acquired companies, if any; the ability to retain key employees; the ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; changes to operating systems and product strategy by vendors of operating systems, and whether NAS can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. References herein to "NAS," "National Automation Services," "the Company," "we," "our" and similar words or phrases are references to National Automation Services, Inc., unless the context otherwise requires.